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Red Bull carries out Mateschitz succession plan with new management team
Red Bull has ushered in a new management team as part of the energy drink company's succession plan that is being implemented following the passing last month of co-founder Dietrich Mateschitz. The Austrian company will no longer rely on a single chief executive officer at the helm, with management responsibilities split between Franz Watzlawick, who will oversee the core beverage business, CFO Alexander Kirchmayr and Oliver Mintzlaff, the company's newly appointed CEO of Corporate Projects and Investments. Mintzlaff will therefore have Formula 1 among his attributions while Kirchmayer will oversee Red Bull's motorsport budgets. Mintzlaff, 47, who worked for sporting goods manufacturer...
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